By Sheri Kasprzak
New York, June 24 - Nassau County, N.Y., sold $208.15 million of series 2013 general obligation revenue anticipation notes, said a pricing sheet.
The offering included $153.15 million of series 2013A notes and $55 million of series 2013B notes.
The 2013A notes are due March 31, 2014, bear interest at 2% and were priced at 101.156 to yield 0.48%. The 2013B notes are due April 30, 2014 and have a 2% coupon priced at 101.261 to yield 0.50%.
The notes (/SP-1+/F1) were sold through lead managers J.P. Morgan Securities LLC and Ramirez & Co. Inc.
Proceeds will be used to finance capital needs for the county.
| Issuer: | Nassau County, N.Y.
|
| Issue: | Series 2013 general obligation revenue anticipation notes
|
| Amount: | $208.15 million
|
| Type: | Negotiated
|
| Underwriters: | J.P. Morgan Securities LLC and Ramirez & Co. Inc. (lead)
|
| Ratings: | Standard & Poor's: SP-1+
|
| Fitch: F1
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
|
|
| $153.15 million series 2013A notes
|
| Maturity | Type | Coupon | Price | Yield
|
| March 31, 2014 | Term | 2% | 101.156 | 0.48%
|
|
|
| $55 million series 2013B notes
|
| Maturity | Type | Coupon | Price | Yield
|
| April 30, 2014 | Term | 2% | 101.261 | 0.50%
|
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